SEBIverified 2026-06-14in-force
SEBI ESG Rating Provider (ERP) Regulations 2023
- Issued
- 2023-01-01
- Effective
- 2023-04-01
Applies to
ESG rating providers operating in India.
Key points
- Category I and II ERP licensing.
- Methodology disclosure mandatory; rating action change rationale required.
- India is the first jurisdiction with a comprehensive ERP regime.
- Currently licensed ERPs: CRISIL, ICRA, CareEdge, Acuité (ESGRisk.ai).
Practitioner questions
- Are foreign ERPs required to register if rating Indian listed entities?
- Which SEBI-licensed ERP should I engage for my BRSR-driven ESG rating?
Sources
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